Given the Table Below,indicate the Impact of the Following Errors

question 369

Essay

Given the table below,indicate the impact of the following errors made during the adjusting entry process.Use a "+" followed by the amount for overstatements,a "-" followed by the amount for understatements,and a "0" for no effect.The first one is done as an example.
Ex.Failed to recognize that $600 of unearned revenues,previously recorded as liabilities,had been earned by year-end.
1.Failed to accrue interest expense of $200.
2.Forgot to record $7,700 of depreciation on machinery.
3.Failed to accrue $1,300 of revenue earned but not collected.
Error Revenues Expenses Assets Liabilities Equity
EX -$600 0 0 +$600 -$600
1.________ ________ ________ ________ ________
2.________ ________ ________ ________ ________
3.________ ________ ________ ________ ________

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Definitions:

Disaffirmance

The right to reject or void a contract or agreement, typically used in context with minors and certain agreements.

Prevailing View

The most widely accepted perspective or opinion on a particular issue within a relevant community or field.

Disaffirm

The legal right of a party to reject or annul a contract or agreement, often associated with contracts entered into by minors.

Power of Avoidance

The legal ability to nullify or cancel a contractual agreement or transaction under certain conditions.